Engagement — Platform Due Diligence
Code & Co. advises Tengelmann Ventures on Tech & Product Due Diligence ahead of its investment in KUGU, a proptech innovator focused on energy optimization solutions for the real estate sector.
The investment provides growth capital to KUGU, enabling the accelerated roll-out of its energy management platform to over 50,000 buildings, while supporting real estate owners meeting their carbon emission targets at low cost.
Scope of Work
Code & Co. conducted an extensive audit of KUGU’s technology infrastructure, product architecture, and cybersecurity protocols. This included a detailed analysis of KUGU’s proprietary platform, operational scalability, its AI/ML strategy, and product roadmap, ensuring alignment with objectives and long-term growth potential. The assessment covered the robustness of KUGU’s technical capabilities and its readiness to scale in support of Germany’s and EU’s emissions targets.
About KUGU
Founded in Berlin, KUGU provides digital solutions for optimizing and controlling energy systems within buildings, enabling real estate companies to manage energy usage more effectively through verifiable reductions in consumption of up to 30%. KUGU’s platform currently supports over 12,000 buildings, with clients including major housing corporations, municipal utilities, and prominent metering service providers across Germany. Leveraging a proprietary technology platform, KUGU’s services support client goals for operational cost efficiency and sustainability.
About Tengelmann Ventures
Tengelmann Ventures is a leading investment firm investing in B2C and B2B companies with forward-looking products, disruptive business models and innovative technologies. The investment team supports portfolio companies with growth and expansion opportunities, ESG initiatives, talent development as well as mergers and acquisitions.
Tengelmann Ventures’ investment in KUGU underscores its commitment to advancing digital transformation and sustainable practices within the real estate sector.